PR - Great success of the Sequoia 2022 employee share plan: employees become Veolia's largest shareholder
January 12, 2023 at 02:40 am EST
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Great success of the Sequoia 2022 employee share plan:
employees become Veolia's largest shareholder
Available for more than 179,000 employees in 45 countries, this capital increase operation reached a subscription rate of 42%, the highest ever achieved in the Group's history with over 75,000 employees choosing to subscribe. As a result, Veolia employees now represent 6,5% of the Company's capital and become its largest shareholder. The high subscription rate for this first operation since the merger with SUEZ illustrates their confidence in the Group, as it is moving forward with its project to create the Global Champion of Ecological Transformation.
The amount invested represents 243 million euros including leverage and results in the issue of 14,002,651 new shares, i.e. 2% of the share capital.
As of December 14, 2022, this issue brings the total number of Veolia Environnement shares in circulation to 714,574,367.
Sequoia 2022, like the operations conducted annually since 2018, is fully in line with Veolia's vision of "multifaceted performance", which aims to involve as many of its employees as possible into the Group's development and performance.
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About Veolia
Veolia Group aims to become the benchmark company for ecological transformation. Present on five continents with nearly 220,000 employees, the Group designs and deploys useful, practical solutions for the management of water, waste and energy that are contributing to a radical turnaround of the current situation. Through its three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them. In 2021, the Veolia group provided 79 million inhabitants with drinking water and 61 million with sanitation, produced nearly 48 million megawatt hours and recovered 48 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 28.508 billion euros in 2021. www.veolia.com
Veolia Environnement SA published this content on 12 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2023 07:39:00 UTC.
Veolia Environnement is the world leader in environmental management services. Net sales break down by activity as follows:
- water-related services (40.6%; No. 1 worldwide): water resources management, drinking water distribution and delivery, wastewater collection, treatment and recovery, engineering, design, construction of water treatment facilities and customer relationship management, etc.;
- waste management services (32.4%; no. 1 worldwide): collection, treatment and recycling of liquid, solid, non-hazardous and hazardous waste, waste treatment and recovery through composting, energy recovery from waste, etc. Veolia Environnement also provides urban waste management services (maintenance and cleaning of public spaces, provision of mechanized street cleaning and façade treatment services), maintenance of industrial sites, and dismantling of industrial facilities and equipment at the end of their useful life;
- energy services (27%; No. 1 in Europe): delegated management of urban heating and air conditioning networks, management of thermal and multi-technique services (operation of heating systems, facility design, construction, and maintenance, etc.) and industrial services (industrial process analysis, production equipment operation, service, and maintenance), general management of buildings and public lighting.
Net sales are distributed geographically as follows: France (21.5%), Europe (41.9%), North America (7.4%), Asia (5.6%), Africa and the Middle East (4.9%), Pacific (4.3%), Latin America (4%) and other (10.4%).
VEOLIA ENVIRONNEMENT 
